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BUSINESS BEAT : U.S. shutdown puts Uber, Lyft IPOs in limbo

Jan 10, 2019 - Los Angeles Times

Uber Technologies Inc. and Lyft Inc. have yet to receive feedback from the U.S. securities regulator on their confidential submissions for initial public offerings, people familiar with the matter said.

A partial government shutdown resulting from President Trump's demand for a wall on the U.S.-Mexico border has sapped the Securities and Exchange Commission of resources, delaying what is expected to be a busy year for IPOs.

The San Francisco ride-hailing companies, likely to have two...